XAUUSD BUY PROJECTION AFTER CONSOLIDATION 02.04.23
Reason Behind Bullish
Technicals
1. Bullish Engulfing Candle Stick Pattern Confirm Further upward Movement
2. Triangle Ascending Pattern tends to breakout @ 2000
3. Levels S1 1950 S2 1920 R1 2000 R2 2074
Fundamendal
Dxy While retest 104 the XAUUSD reach 1945
After rejection of 104 further Move towards 101 which helps to reach Target
Overall Possible Outcomes
XAUUSD BUY@ 1945-1950
SL 1920
TP 2074
Break Zone - 2000
Technicals
1. Bullish Engulfing Candle Stick Pattern Confirm Further upward Movement
2. Triangle Ascending Pattern tends to breakout @ 2000
3. Levels S1 1950 S2 1920 R1 2000 R2 2074
Fundamendal
Dxy While retest 104 the XAUUSD reach 1945
After rejection of 104 further Move towards 101 which helps to reach Target
Overall Possible Outcomes
XAUUSD BUY@ 1945-1950
SL 1920
TP 2074
Break Zone - 2000
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